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There has been talk of the glory days of super normal profits for the banks is over, although earnings can remain relatively strong still in a low interest rate environment if the housing market doesn’t cave in.
What are your views on the Sydney market? Do you feel there’s a possibility of the housing market caving in?
There are some bullish on the Gold Coast market. How do you see it, the Sunshine Coast, and also the Brisbane market which doesn’t seem to have done much yet?
A: The Sydney property market has had a great run. Largely, it is making up for some pretty subdued years immediately post the GFC.
That said, I think it might be due for a bit of a cooling. This doesn’t mean a collapse or caving it – just means that buyers become a little more circumspect and prices ease off.
The inevitable supply, plus banks tightening up on investor home loans, will start to have some impact.
In regard to Queensland, I would probably go for Brisbane over the Gold Caost or Sunshine Coast. There are other such as Margaret Lomas who know a lot more about these markets than I do.
